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EP 62: How to Gracefully Exit Your Startup with Simple Closure's Dori Yona
Raising capital? Get a list of vetted VCs for FREE here: https://web.thunder.vc/list-of-investors-vcs-for-founders
Get the latest fundraising insights, news, and tips: https://blog.thunder.vc/funding-101
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In this episode of Fundraising Demystified, Jason Kirby talks with Dori Yona, founder of Simple Closure, about the tough but crucial process of shutting down a startup. Dori shares his journey from building companies to facing the challenges that inspired Simple Closure, a service that helps founders close their businesses smoothly.
Dori opens up about the emotional and logistical hurdles founders face when shutting down, stressing the importance of having a clear plan to protect relationships and ease the transition. He provides practical advice for founders on preparing for closure and using the experience as a stepping stone to their next venture. Happy watching!
Here's what you're in for:
00:00 Trailer
01:07 Introduction to Dori Yona and Simple Closure
02:27 Dori’s entrepreneurial journey and founding Simple Closure
04:00 The challenges founders face when considering a shutdown
07:12 The financial and logistical complexities of winding down
09:31 Why founders need a plan B (and how to create one)
19:38 How Dori’s experience inspired Simple Closure’s unique approach
28:13 How Simple Closure assists with legal and tax requirements
37:45 Common mistakes founders make when shutting down
42:25 The emotional journey of letting go and moving on
45:14 Advice for founders to maintain investor relationships during closure
ABOUT DORI YONA
Dori Yona is an experienced founder and CEO with a decade of experience in the entrepreneurial world. After successfully building and exiting multiple companies, Dori encountered the hidden complexities of closing down a business, an experience that inspired him to launch Simple Closure. Simple Closure offers founders a streamlined solution to wind down their companies, ensuring they can protect their reputation, maintain investor relationships, and transition smoothly to their next ventures. Dori is passionate about supporting founders through difficult times and providing them with the tools they need to move forward confidently.
Connect with Dori on:
Linkedin: https://www.linkedin.com/in/dori-yona-b8369877/
X : https://x.com/doriyona
Website: https://simpleclosure.com/
Email: [email protected]
ABOUT JASON
Jason Kirby is the co-founder of Thunder VC. He is a serial entrepreneur with 4 multi-million exits and decades of experience in fundraising and business building. He has coached hundreds of entrepreneurs in his career on fundraising, investing, capital strategy, and business development.
You can reach out to Jason through:
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/jasonrkirby/
ABOUT FUNDRAISING DEMYSTIFIED
Our goal is simple: to equip you with the knowledge, inspiration, and guidance to navigate the labyrinthine world of fundraising. Whether you're a budding entrepreneur seeking seed funding or an established founder looking to scale your business, this podcast will provide you with the tools you need to conquer the fundraising landscape.
Thank you for being a loyal subscriber to Fundraising Demystified. We appreciate your support and are excited to continue bringing you more inspiring stories from successful founders.
View all episodes
By Jason KirbyRaising capital? Get a list of vetted VCs for FREE here: https://web.thunder.vc/list-of-investors-vcs-for-founders
Get the latest fundraising insights, news, and tips: https://blog.thunder.vc/funding-101
----------------------------------
In this episode of Fundraising Demystified, Jason Kirby talks with Dori Yona, founder of Simple Closure, about the tough but crucial process of shutting down a startup. Dori shares his journey from building companies to facing the challenges that inspired Simple Closure, a service that helps founders close their businesses smoothly.
Dori opens up about the emotional and logistical hurdles founders face when shutting down, stressing the importance of having a clear plan to protect relationships and ease the transition. He provides practical advice for founders on preparing for closure and using the experience as a stepping stone to their next venture. Happy watching!
Here's what you're in for:
00:00 Trailer
01:07 Introduction to Dori Yona and Simple Closure
02:27 Dori’s entrepreneurial journey and founding Simple Closure
04:00 The challenges founders face when considering a shutdown
07:12 The financial and logistical complexities of winding down
09:31 Why founders need a plan B (and how to create one)
19:38 How Dori’s experience inspired Simple Closure’s unique approach
28:13 How Simple Closure assists with legal and tax requirements
37:45 Common mistakes founders make when shutting down
42:25 The emotional journey of letting go and moving on
45:14 Advice for founders to maintain investor relationships during closure
ABOUT DORI YONA
Dori Yona is an experienced founder and CEO with a decade of experience in the entrepreneurial world. After successfully building and exiting multiple companies, Dori encountered the hidden complexities of closing down a business, an experience that inspired him to launch Simple Closure. Simple Closure offers founders a streamlined solution to wind down their companies, ensuring they can protect their reputation, maintain investor relationships, and transition smoothly to their next ventures. Dori is passionate about supporting founders through difficult times and providing them with the tools they need to move forward confidently.
Connect with Dori on:
Linkedin: https://www.linkedin.com/in/dori-yona-b8369877/
X : https://x.com/doriyona
Website: https://simpleclosure.com/
Email: [email protected]
ABOUT JASON
Jason Kirby is the co-founder of Thunder VC. He is a serial entrepreneur with 4 multi-million exits and decades of experience in fundraising and business building. He has coached hundreds of entrepreneurs in his career on fundraising, investing, capital strategy, and business development.
You can reach out to Jason through:
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/jasonrkirby/
ABOUT FUNDRAISING DEMYSTIFIED
Our goal is simple: to equip you with the knowledge, inspiration, and guidance to navigate the labyrinthine world of fundraising. Whether you're a budding entrepreneur seeking seed funding or an established founder looking to scale your business, this podcast will provide you with the tools you need to conquer the fundraising landscape.
Thank you for being a loyal subscriber to Fundraising Demystified. We appreciate your support and are excited to continue bringing you more inspiring stories from successful founders.